Barclays initiated coverage on shares of Fortune Brands Innovations (NYSE:FBIN – Get Rating) in a report issued on Wednesday morning, The Fly reports. The brokerage issued an overweight rating on the stock.
A number of other research firms also recently commented on FBIN. Robert W. Baird raised their price objective on shares of Fortune Brands Innovations from $59.82 to $64.00 in a report on Friday, December 23rd. Credit Suisse Group raised their price objective on shares of Fortune Brands Innovations from $47.00 to $48.00 and gave the stock a neutral rating in a report on Monday, December 19th. Zelman & Associates assumed coverage on shares of Fortune Brands Innovations in a report on Friday, December 16th. They set a hold rating for the company. Loop Capital raised shares of Fortune Brands Innovations from a hold rating to a buy rating in a report on Friday, December 16th. Finally, Royal Bank of Canada downgraded shares of Fortune Brands Innovations from an outperform rating to a sector perform rating and raised their price objective for the stock from $61.00 to $63.00 in a report on Friday, January 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $59.00.
Fortune Brands Innovations Price Performance
Shares of Fortune Brands Innovations stock opened at $61.71 on Wednesday. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 5.29 and a beta of 1.51. Fortune Brands Innovations has a fifty-two week low of $49.51 and a fifty-two week high of $99.89. The company has a quick ratio of 0.74, a current ratio of 1.47 and a debt-to-equity ratio of 0.92.
Fortune Brands Innovations Cuts Dividend
Fortune Brands Innovations Company Profile
Fortune Brands Innovations, Inc manufactures and supplies home and security products and services. The company operates through the following segments: Cabinets, Plumbing, Outdoors & Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities, for the kitchen and bath.
- Get a free copy of the StockNews.com research report on Fortune Brands Innovations (FBIN)
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